Yang Jing suddenly announced that he was preparing to save the market, which was undoubtedly good news for Henry and David, but it was not good news for Cesar, who was immersed in reaping huge profits.
As a trader who likes to gamble in the black swan market, Cesar insists that in the financial market, there can be no soft-heartedness, which can only bring disaster.
Although Cesar is also well aware that a global plunge like today's market will definitely not last long, judging from the current situation, even if it persists until today's close, then the Dragon Fund will benefit much more than it does now.
Therefore, Cesar looked at Yang Jing with a very puzzled expression, as if asking "why".
Yang Jing raised his hand and looked at his watch, knowing that another wave of general trends was coming, and it was absolutely impossible to go against the trend at this time, it would make his head bleed.
Again, going with the flow is the best choice a top speculator can make.
So Yang Jing said to Cesar very decisively: "Order, close all positions, and go long with your backhand!"
” got a positive answer from Yang Jing's mouth, and Cesar really couldn't hold his breath at this moment.
"Boss, why do you close the position now?
According to the current trend, it is very likely that the broader market will continue to fall.
Wouldn't it be better for us to go long with a backhand?"
Yang Jing glanced at Cesar and said with great certainty: "Give the order first, and you will know what the reason is in a while." ” Although Cesar was puzzled by Yang Jing's order, he still carried out this order well.
Under Cesar's orders, the traders, who controlled hundreds of accounts scattered in dozens of countries around the world, began to act quickly, and in just a few minutes, a large number of long contracts suddenly appeared.
Closing a short position is equivalent to going long.
In this market, long contracts will not appear at all, and no one will go long at this time.
But there are a lot of short contracts waiting for the deal, these short contracts can not be traded at all, the selling order is too big, the market has been in a downward trend, whoever sells the short contract in his hand at this time, it is doing a stupid thing.
As a result, Cesar's short contracts were quickly digested by the huge market, and at the same time, these traders controlled those accounts and began to frantically build long positions.
There are now investors and investment institutions in the market who want to sell their long contracts, so the long position of the dragon fund has been established smoothly.
Almost as long as the long contract is listed, the transaction can be completed immediately.
Seeing that the time is about to pass 14 o'clock, and the long position of the evil dragon fund has almost been established, at this time, Yang Jing asked David Anderson to announce as the CEO of KY Investment Fund that KY Investment Fund will invest no less than 8 billion US dollars to repurchase shares.
KY Investment Funds currently hold shares in as many as 27 companies, and even the smallest company has more than 1 shareholding. 1 is not a major shareholder, but it can definitely be regarded as a major shareholder, at the moment when various stocks are plummeting, KY funds dare to invest so much money to buy back shares, this move was immediately supported by all shareholders of the 27 companies.
In today's stock market crash, the major blue chips are the absolute hardest hit areas, with the average valuation of each blue chip stock plummeting by 30, like General Electric down 331, Atapapat down 295, Coca-Cola down 365, Westinghouse down 458, Amex down 388, Boeing down 299, down 324, Citibank down 346, Alcoa down 413, IB down 296, General Motors down 358 If the stock price keeps falling like this, the net worth of these shareholders will also shrink seriously.
As for those retail investors, they are now eager to sell their stocks.
Now the stocks of these companies are like a hot potato, and anyone who holds it in their hands is uncomfortable.
Many small shareholders can't even resist the torture of the stock price plummeting, and they sell their stocks one after another, and then these sold stocks are all steadily incorporated into the arms of KY investment funds.
The $8 billion share buyback was like a shot in the arm, and the stock prices of these companies, which were already dying, immediately began to rise.
Yang Jing now has an amazing amount of money in his hands, and now the stock prices of these companies have plummeted amazingly, and when the two meet, KY Investment Fund will soon acquire a large number of shares in the market.
For example, KY Fund originally only controlled the shares of GE 12, but in less than ten minutes, this proportion rose to 68, and after filing the relevant procedures with the US Securities and Exchange Commission, that is, the SEC, KY Investment Fund immediately became the largest shareholder of GE.
In addition, there are General Motors, Atapapt, Citibank, etc., anyway, among the 27 companies designated by Yang Jing, in addition to Berkshire Hathaway, KY Investment Fund has become the largest shareholding investment institution of the other 26 companies in a blink of an eye.
The stock prices of these 27 companies also began to rise wildly due to the influx of funds, and the entire U.S. stock market began to stabilize and recover.
In fact, even if Yang Jing does not buy back the shares of these companies, the U.S. stock market will begin to pick up after 14 o'clock on the same day, once soaring 350 points and crossing the 2,000-point mark.
Although the market began to fall again within an hour and a half, and finally closed at 173874 point, it is an indisputable fact that the market began to rebound.
Yang Jing, who comes from the future, is very aware of the trend of the U.S. stock market on Black Monday, so when the market begins to rebound, he doesn't mind taking advantage of the trend.
Anyway, the position of the evil dragon fund to establish a long position is around 1700 points, even if the market rebounds for a while and continues to fall, it is a big deal to lock the position.
Anyway, tomorrow and the day after tomorrow, the U.S. stock market will rebound close to 300 points in total, and finally stand firmly above the 2,000-point mark, so Yang Jing is not worried about any problems with backhand longs.
Overall, although Black Monday was scary and brought great panic to the market, investors in the United States and around the world still maintained enough confidence in the American economy.
It doesn't matter if the market plummets in one day, we can slowly get it back!
Anyway, the economic fundamentals of the United States are here, and the market plummets for one day, can it still plummet every day?
After all, the economy of the United States is not a native economy, and after the stock market plummeted in 1989, it has been falling for several years, and that is because the economy of the economy is really not working.
But in the United States, in any case, the economic fundamentals are good, so the plunge can only cause temporary panic, and when investor confidence is re-established, the U.S. stock market will still pick up again.
Yang Jing went long with his backhand, and cooperated with the announcement of using a large amount of money to buy back the company's shares, which is actually a means of operation to take advantage of the trend.
As long as you can bring the market back, then it doesn't matter if it falls again.
In fact, the market that originally happened after two and a half o'clock in time and space fell again, which was more of a technical pullback.
When many investment institutions see that the market begins to rebound, they will decisively establish long positions, which will cause the market to rebound as much as 350 points in a short period of time.
But in the same way, when the market rebounds to such a high position, those investment institutions will inevitably take profits, and then a large number of long positions will be closed like shorts, directly suppressing the market that has just been pulled up again.
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Yang Jing's position to establish a long position is very low, much lower than the position of most investment institutions to establish a long position, even if the market is according to the original trend of time and space until the close of 1738, Yang Jing is not afraid.
The most important thing is that today he bought a large number of shares of 27 companies as he wished, and even if he paid as much as tens of billions of dollars for this, Yang Jing was very satisfied.
The stocks of these companies have been very popular in recent years.
For example, General Motors and Ford Motors, in the 80s and early 90s, the automobile manufacturing industry was still the best company, even better than those bank stocks.
During this time, whether it was General Motors or Ford Motor, they were all perennial companies that dominated the top 500 companies in the United States.
Even if you look at the world, automobile manufacturing companies are the best companies in this era.
Volkswagen, Toyota, which of these automobile manufacturing companies is not one of the largest companies in the world?
Even if the car manufacturing companies are not good in the future, and many companies even go bankrupt, this industry still occupies a pivotal position in the global industry.
The reason why Yang Jing wants to buy the shares of these companies is not only to make money, but most importantly, to obtain extremely high political status.
Just like in the automobile manufacturing industry, if Yang Jing becomes the main shareholder of automobile giants such as General Motors, Ford Motor, and Volkswagen, then in the United States and even in Europe, almost no one dares to touch Yang Jing's finger.
Although the automobile manufacturing industry began to decline in the new century, there are too many workers involved in this industry.
For example, General Motors has more than 300,000 employees, and Ford Motor has 400,000 employees, ranking second largest industrial enterprise in the United States in 1988.
How many votes will these employees, plus their dependents, be able to provide?
That's what those congressmen and even presidents care about the most.
And once Yang Jing can become the major shareholder of these large companies, then needless to say, every time it comes to the election, whether it is a senator, a congressman, or even a presidential elector, he has to rush to tie up with Yang Jing.
Damn, if you dare not to stammer Lao Tzu, Lao Tzu will let you have no votes!
Unbelief?
Try it if you don't believe me!
Do the workers want to listen to me, the major shareholder who can bring them tangible benefits, or are they willing to listen to the vague promises of you politicians?